Fidelity HSA
Best-in-class no-fee HSA with full brokerage investing
How it works
The Fidelity HSA is widely considered the best HSA on the market, earning Morningstar's highest 'High' rating in both spending and investment categories for four consecutive years. It charges no maintenance fees, no investment fees, and pays 2.19% APY on cash balances. You can invest in a full brokerage account with stocks, ETFs, mutual funds, and Fidelity Zero index funds, with no minimums and zero-commission trades.
Is it right for you?
Consider if you
- You want zero fees and the highest cash interest rate on the market
- You plan to invest HSA funds for long-term retirement growth
- You want a portable HSA that stays with you through job changes
Skip if you
- People whose employer mandates a different HSA provider
- California or New Jersey residents who want simple state tax handling
Your money and data
Fidelity is an SEC-registered broker-dealer and IRS-qualified HSA administrator. HSA contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses are tax-free.
Pros & Cons
Pros
- Zero maintenance fees, zero investment fees, and zero-commission trades
- Industry-best 2.19% APY on all cash balances
- Full brokerage access to stocks, ETFs, mutual funds, and Fidelity Zero index funds
Cons
- Fidelity Go robo-advisor charges 0.35% annually on balances over $25,000
- No direct employer payroll integration if your employer uses another provider
- State tax complexity in CA and NJ which do not recognize HSAs
Pricing details
No monthly fees · $0 account minimum · $0 commission trades · 2.19% APY on cash · Fidelity Go 0.35% over $25K
On fidelity.com · We may earn a commission
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